Federal student loan official resigns

May 8, 2007
Federal student loan official resigns

WASHINGTON — The head of the Education Department's student loan office is stepping down amid growing criticism that the agency has been lax in overseeing the student loan industry.

Theresa Shaw is leaving her post as chief operating officer of the Federal Student Aid office, a job she has held since 2002, the department said in a statement. The office administers federal student aid programs.

The statement said Shaw told Education Secretary Margaret Spellings in February that she planned to leave the department, but not until June 1.